He would then meet with the seller/owner, and talk to the owner to obtain the LOWEST acceptable price the owner would consider.  

UDFI or unrelated debt financing income only applies when there is income on the property.

It has been running as a short term rental and is under water and I can not afford to hold it.Anyone willing to help me figure out options to sell or give up this property so I can start rebuilding my finances?

I’d be happy to help you explore multifamily options and share what financing would make the most sense for your goals.To hit your questions one by one:• I’m a mortgage broker, not a direct lender — that means I shop multiple wholesale lenders to find the best rates, terms, and programs for each client.• I offer a full range of conventional, DSCR, investor cash flow, bank statement, and portfolio multifamily loans.• Yes, I can communicate directly with listing agents to help strengthen your offer and show that financing is solid.• The money I lend comes from reputable wholesale lenders and banks I’m approved with — all underwritten through standard agency or investor guidelines.• For down payment assistance, those are generally limited to owner-occupied deals — happy to run through what’s available if you plan to live in one of the units.• To start, I’d just need some basic info about your goals, income, credit, and property type — we can figure out the best fit from there.• Pre-approvals usually take 24 hours or less once I have the necessary info.• Yes, I have rate lock programs available through several of my lenders.• I can absolutely share references and reviews from clients, including some who are active here on BiggerPockets.• And yes, I regularly connect clients with investor-friendly agents, property managers, and insurance pros in the area.If you’d like, we can set up a quick call or Zoom to talk through what you’re looking for and get you pre-approved.– David Stephens

Does anyone have experience or know of someone who was able to obtain a DSCR loan with the seller carrying a second mortgage? I'm having trouble finding a lender who will do this.Thanks much in advance...

I’m not referencing 100% of property owners.    

- Going to guess that the payment difference wasn't enough to spur interest.Also going to guess a decent amount of people will use the 50-year mortgage and justify it by looking at what they may gain via appreciation versus renting and getting nothing.More investors may be more attracted to this product than average owner-occupants. - It will improve cashflow, similar to an interest-only (for first 3-5 years) mortgage. 

You have made a common mistake - trying to finance an auction purchase.

In today’s market, traditional loans just don’t move fast enough.
Private lending options — like DSCR, Fix & Flip, and Bridge Loans — give investors the speed and freedom they need.
What’s your go-to lending str...

At a high level, you’ll want to understand:• land acquisition• zoning + entitlement• architectural plans• permitting• financing (construction loan vs hard money)• GC bidding + subs• inspections• certificate of occupancy + exit strategyOnce you understand the order of operations, everything else starts to make sense.2.